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Articles Tagged: "Budget Deficit"

Budget Deficit

OPINION: Chris Reed: 'Pension Truth Squad' is short on truth and long on delusions

Chris Reed of San Diego Union-Tribune blasts the "Pension Truth Squad" over claims that California's pension crisis is over exaggerated and their current push to pass AB 506, which would block local governments from filing for bankruptcy protection, without the approval of the state Debt and Investment Advisory Commission.

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Filed Under: News

NEWS: Jerry Brown falls short on union contracts

The Los Angeles Times reports that Governor Brown is being ripped by critics after the nonpartisan legislative analyst estimated that his budget proposal fell roughly $300 million short on the total savings he initially projected.

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Filed Under: News

NEWS: PPIC: Public support declines for special election to decide budget

Capitol Weekly reports that a recent phone survey performed by the Public Policy Institute of California shows popular support has dropped for Governor Brown's special election on tax-and-cut budget items since January.

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Filed Under: News

EDITORIAL: California addiction to debt proves costly

Amidst all the concern over the burden of union pensions, public education and prisons on the State's budget, the San Francisco Gate points out that very little attention has been paid to an even bigger burden: the cost of servicing California's debt.

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Filed Under: News

OPINION: New year, new problems in California

As the State Legislature continues to debate tax hikes and spending cuts, Joseph Moser of Capitol Weekly notes that very little attention has been given to the further detrimental effects that AB 32 regulations may have on California's economy.

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Filed Under: News

OPINION: Dan Walters: California's long-term finances very shaky

Dan Walters, writing for the Centre Daily Times, remarks that while Governor Brown's proposed deficit workout plan may balance the state's budget for a year or two, it fails to address long-term budgetary issues.

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OPINION: Tim Cavanaugh: California: Farewell, my lovely

Tim Cavanaugh writes for the Orange County Register on the continuing uphill battle for pension reform with public sector unions and union friendly legislators alike.

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OPINION: Report: What does it really cost to run California’s prisons?

KALW News reports that Governor Brown's new budget wants to take millions out of the General Fund and give it to the California Department of Corrections and Rehabilitation to cover previously unaddressed shortfalls. A report by the Legislative Analyst’s Office, though, has called into question whether these funds will be enough and what is being done to prevent future shortfalls in the department's budget.

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Filed Under: News

OPINION: A Labor Union Plays Chicken – and Loses

Elizabeth Cohee of the Oakland Business Examiner explains how the tide is beginning to turn on public sector unions as municipalities continue to feel the effect of tighter budget restraints.

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Filed Under: News

OPINON: Public Employee Union Benefits Are a Fiscal Disaster

U.S. News and World Report's Mortimer Zuckerman details the ticking time bomb set in place by the ever increasing financial burden of public sector pensions.

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Filed Under: News
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